Sabal Trust CO Trims Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Sabal Trust CO lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 45.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 6,086 shares of the software company's stock after selling 5,008 shares during the period. Sabal Trust CO's holdings in Autodesk were worth $1,593,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Cullen Frost Bankers Inc. raised its stake in shares of Autodesk by 3.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,081 shares of the software company's stock valued at $320,000 after buying an additional 39 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in shares of Autodesk by 30.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company's stock valued at $46,000 after buying an additional 41 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Autodesk by 9.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 503 shares of the software company's stock valued at $149,000 after buying an additional 42 shares during the last quarter. FineMark National Bank & Trust raised its stake in shares of Autodesk by 1.3% during the 4th quarter. FineMark National Bank & Trust now owns 3,377 shares of the software company's stock valued at $998,000 after buying an additional 42 shares during the last quarter. Finally, Johnson Financial Group Inc. increased its stake in shares of Autodesk by 30.2% in the 4th quarter. Johnson Financial Group Inc. now owns 181 shares of the software company's stock valued at $56,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. KeyCorp restated an "overweight" rating and issued a $350.00 price target (up previously from $323.00) on shares of Autodesk in a research note on Friday, May 23rd. Royal Bank Of Canada restated an "outperform" rating and issued a $345.00 price target (up previously from $313.03) on shares of Autodesk in a research note on Friday, May 23rd. Wells Fargo & Company restated an "overweight" rating and issued a $360.00 price target (up previously from $345.00) on shares of Autodesk in a research note on Friday, May 23rd. The Goldman Sachs Group lifted their price target on Autodesk from $270.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, Stifel Nicolaus lifted their price target on Autodesk from $310.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $340.45.

Autodesk Price Performance

Shares of Autodesk stock traded up $0.20 on Friday, hitting $305.13. 1,703,006 shares of the company were exchanged, compared to its average volume of 1,484,607. The stock has a market capitalization of $65.30 billion, a price-to-earnings ratio of 65.34, a price-to-earnings-growth ratio of 2.94 and a beta of 1.45. The company has a 50-day moving average price of $290.57 and a 200 day moving average price of $285.43. Autodesk, Inc. has a 1-year low of $223.03 and a 1-year high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Insider Transactions at Autodesk

In other news, EVP Rebecca Pearce sold 486 shares of Autodesk stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $300.00, for a total transaction of $145,800.00. Following the sale, the executive vice president now owns 28,345 shares of the company's stock, valued at approximately $8,503,500. The trade was a 1.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 3,087 shares of company stock worth $936,607 in the last ninety days. Insiders own 0.15% of the company's stock.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.